Citigroup Lowers B&M European Value Retail (LON:BME) Price Target to GBX 290

B&M European Value Retail (LON:BME) had its price target decreased by equities research analysts at Citigroup from GBX 361 to GBX 290 in a report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 24.97% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 400 price target on shares of B&M European Value Retail in a research note on Tuesday. Canaccord Genuity Group dropped their price target on shares of B&M European Value Retail from GBX 490 to GBX 395 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating for the company in a research note on Wednesday. Shore Capital reaffirmed a “hold” rating on shares of B&M European Value Retail in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 410 price target on shares of B&M European Value Retail in a research note on Tuesday, July 15th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 366.43.

B&M European Value Retail Stock Performance

Shares of LON:BME opened at GBX 232.06 on Wednesday. B&M European Value Retail has a 52 week low of GBX 200.20 and a 52 week high of GBX 413.62. The stock has a market capitalization of £2.33 billion, a P/E ratio of 729.75 and a beta of 1.05. The firm has a fifty day simple moving average of GBX 240.27 and a two-hundred day simple moving average of GBX 273.13. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77.

Insider Transactions at B&M European Value Retail

In related news, insider Tjeerd Jegen acquired 50,400 shares of the stock in a transaction on Wednesday, September 17th. The stock was bought at an average cost of GBX 250 per share, with a total value of £126,000. Over the last three months, insiders have bought 257,380 shares of company stock valued at $62,468,940. 22.78% of the stock is owned by insiders.

B&M European Value Retail Company Profile

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.